Mcgrath Rentcorp (MGRC) Interest Expenses (2010 - 2026)
Mcgrath Rentcorp (MGRC) reported Interest Expenses of $6.5 million for Q1 2026, down 20.32% on a YoY basis from $8.2 million in Q1 2025, and little changed quarter-over-quarter from $6.5 million in Q4 2025.
Mcgrath Rentcorp (MGRC) Interest Expenses (2010 - 2026) Analysis & Trends
Mcgrath Rentcorp has reported Interest Expenses for 17 years, with the latest figure at $6.5 million in Q1 2026.
- For the quarter ending Q1 2026, Interest Expenses fell 20.32% year-over-year to $6.5 million; the trailing twelve-month figure through Mar 2026 stood at $29.0 million (down 32.16% YoY), and the FY2025 full-year result was $30.6 million, down 35.18% from the prior year.
- Interest Expenses for Q1 2026 stood at $6.5 million, roughly flat from $6.5 million in the prior quarter.
- The five-year high for Interest Expenses was $13.0 million in Q2 2024, with the low at $2.3 million in Q1 2022.
- Historically, Interest Expenses has averaged $8.1 million across 5 years, with a median of $8.2 million in 2025.
- Annual changes were most pronounced in 2023 — Interest Expenses jumped 309.93% — and 2025, when it tumbled 40.21%.
- Mcgrath Rentcorp's Interest Expenses stood at $4.2 million in 2022, then surged by 190.58% to $12.1 million in 2023, then decreased by 26.95% to $8.9 million in 2024, then decreased by 26.71% to $6.5 million in 2025, then gained by 0.12% to $6.5 million in 2026.
- The last three Interest Expenses figures came in at $6.5 million (Q1 2026), $6.5 million (Q4 2025), and $8.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | U-Haul Holding | 10.97 Bn | 10.97 Bn | -42.05 Mn | 371,000.00 |
| 2 | Ryder System | 10.36 Bn | 10.36 Bn | 3.02 Bn | 97.00 Mn |
| 3 | Avis Budget | 6.65 Bn | 6.24 Bn | - | 229.00 Mn |
| 4 | Gatx | 6.31 Bn | 7.19 Bn | 561.90 Mn | - |
| 5 | WillScot Holdings | 5.22 Bn | 5.22 Bn | 285.68 Mn | - |
| 6 | Herc Holdings | 5.17 Bn | 5.13 Bn | 686.00 Mn | - |
| 7 | Mcgrath Rentcorp | 2.90 Bn | 2.90 Bn | 96.89 Mn | 6.50 Mn |
| 8 | Custom Truck One Source | 2.57 Bn | 2.57 Bn | 103.06 Mn | - |
| 9 | EquipmentShare.com | 2.06 Bn | 1.75 Bn | - | - |
| 10 | Vestis | 1.70 Bn | 1.65 Bn | 173.69 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.50 Mn |
| Mar 31, 2026 | 6.50 Mn |
| Dec 31, 2025 | 6.49 Mn |
| Dec 31, 2025 | 6.49 Mn |
| Sep 30, 2025 | 8.18 Mn |
| Sep 30, 2025 | 8.18 Mn |
| Jun 30, 2025 | 7.80 Mn |
| Jun 30, 2025 | 7.80 Mn |
| Mar 31, 2025 | 8.16 Mn |
| Mar 31, 2025 | 8.16 Mn |
| Dec 31, 2024 | 8.86 Mn |
| Dec 31, 2024 | 8.86 Mn |
| Sep 30, 2024 | 12.64 Mn |
| Sep 30, 2024 | 12.64 Mn |
| Jun 30, 2024 | 13.04 Mn |
| Jun 30, 2024 | 13.04 Mn |
| Mar 31, 2024 | 12.70 Mn |
| Mar 31, 2024 | 12.70 Mn |
| Dec 31, 2023 | 12.13 Mn |
| Dec 31, 2023 | 12.13 Mn |